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2249 Bluegrass St, Marion, IA 52302

3 beds • 3 baths • 2197 sqft

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This property looks like a bad Airbnb investment with a projected -7.48% first-year return on $97,653 initial cash invested.

-7.48%

Cash On Cash

4.74%

Cap Rate

0.77

DSCR

$3,792

Rent

-$609

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,792 income − $4,401 expenses = $609 out of pocket

Income$3,792Out of Pocket$609Mortgage P&I$1,95552%Property Taxes$49013%Insurance$1354%Management$56915%CapEx$1524%Maintenance$1524%Other$94825%

Investment Breakdown

|

Purchase Price

$379k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$97,653

Downpayment

20%

$75,860

Closing costs

1%

$3,793

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,792

Total Expenses

$4,401

Mortgage P&I

52%

$1,955

Property Taxes

13%

$490

Home Insurance

4%

$135

HOA

0%

$0

Property Management

15%

$569

CapEx

4%

$152

Vacancy

0%

$0

Maintenance

4%

$152

Other

25%

$948

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